VA issued Circular 26-25-01, rescinding the procedure for a builder to request a VA builder identification number for processing VA guaranteed loans on new and proposed construction properties. Per the Circular, a builder is no longer required to obtain a VA issued builder identification number prior to issuance of the Notice of Value, and the procedure for requesting a builder identification number is rescinded. Note, however, that this rescission does not apply with respect to a Specially Adapted Housing grant or a Native American Direct Loan. In addition, VA updated the process for addressing complaints about builders received from borrowers. The revision went into effect March 31, 2025.
Click to view the VA Circular 26-25-01: https://www.tenaco.com/wp-content/uploads/2025/04/VA-Circular-26-25-01-04-02-25.pdf
